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The two companies both shared store closure announcements this week, with JCPenney expected to close a "handful" by mid-2025 and Joann to shutter roughly 500 locations. The retailers join other ...
In 2024, as Coresight notes, general-merchandise discount stores accounted for 1,754 of total store closures, or 23.9%, followed by apparel with 1,383 closed stores.
On February 27, 2024, Macy's announced that it would be shuttering 150 locations by 2026, roughly 30% of its total store amount, to focus on small-format stores and an expansion of both Bloomingdale's and Bluemercury. 50 locations were initially set to close in 2024 alone, and the iconic flagship location in San Francisco's Union Square was ...
The closing of many Big Lots stores, as part of its bankruptcy, come in tandem with closures announced by other retailers such as Macy's, Kohl's and Party City, and more recently, JCPenney and Joann.
Office Depot, Inc. is an American office supply retailer headquartered in Boca Raton, Florida. The company operates 960 retail stores in the United States under the Office Depot and OfficeMax brands, [4] as well as e-commerce sites and a business-to-business sales organization. The company has combined annual sales of approximately $11 billion ...
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...
Popular fabric and craft retailer Joann is closing more than half of its stores in the U.S. after a second bankruptcy filing within a year. ... Updated February 12, 2025 at 11:35 AM.
The merger with Office Depot closed on November 5, 2013. [26] On December 10, Office Depot, Inc. announced that it had chosen Boca Raton, Florida for its global headquarters post-merger, closing the OfficeMax headquarters in Naperville, Illinois. [27] Following the merger, the two chains integrated, though many retain the OfficeMax name.